Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'
10/24/2023 8:40:00 AM
(Reuters) - Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.
"Exxon, Chevron didn't buy because they want to have stranded assets," he said at Riyadh's flagship FII annual investment conference, also referring to Exxon Mobil's $59.5 billion all-stock deal for Pioneer Natural Resources.
Related News
- GIZ and thyssenkrupp nucera partner to advance green hydrogen and power-to-X markets in India
- Technip Energies awarded two large contracts by BPCL for new units at Bina and Mumbai refineries in India
- ADNOC and TAQA announce 27-yr utilities agreement with TA’ZIZ, enabling world-scale chemicals production at Ruwais
Comments